Future-proof your finance function
COVID-19 has promoted many finance leaders to rethink their finance operating model and consider how to “future-proof” the function.
As businesses adapt to remote ways of working and pivoting business models – how might the transformation of your finance function support the continued success of your business?
Successful finance leaders need to rethink their approach to the component parts of their function – viewed through the lens of transformative change and the need to support stakeholders, investors and management in new ways.
ТHere we explore the opportunities and challenges facing today’s finance leaders, and propose ways in which you can leverage technology and new ways of working to achieve your strategic objectives
Identifying the risks and opportunities
For businesses to be successful, management and finance teams must have access to timely, accurate and relevant financial and non - financial information in order to make informed, strategic decisions.
To compete and thrive, many businesses are now looking to optimise their finance and accounting function – with a particular focus on leveraging technology to identify and address some of the productivity roadblocks that exist.
CORPORATE STRATEGY: investment, M&A, exit strategy, value protection
FUNDING: forecasting, funding solutions, cash optimisation and working capital
FINANCIAL REPORTING: management reporting, statutory reporting, outsourcing, finance and accounting technology
TREASURY: P2P process, expense management, Forex, cash management
FINANCIAL PERFORMANCE: benchmarking, cost optimisation, customer and supplier monitoring, credit rating management
REGULATORY COMPLIANCE: tax compliance, payroll, company secretarial
BUSINESS PROCESS: control environment, business process improvement and innovation, Cloud - enabled Agile working
TAX STRUCTURE: tax efficiency, international trade, profit extraction, group compliance
Drawing on expertise from across BDO, we’ve curated a collection of insights, articles and downloads to support your rethink.
We explore the drivers for change, map out the road to a finance and accounting transformation, offer guidance on how best to prepare for and embark on a business process improvement journey and much more.
EXPLORE OUR INSIGHTS AND ARTICLES BELOW:
How BDO can help
Complete our contact form if you wish to discuss any of the issues raised or to seek advice on how to maximise productivity from your finance function.